Penelitian ini bertujuan untuk mengetahui pengaruh leverage dalam pendanaan terhadap tingkat keuntungan yang diperoleh pada perusahaan manufaktur di sektor makanan dan minuman terdaftar Bursa Efek Indonesia periode 2010-2014. menggunakan teknik analisis regresi berganda. Sampel penelitian sebanyak lima dengan metode purposive sampling. Data digunakan adalah data sekunder berupa laporan tahunan ...

There is keen interest in estimating empirical models of economic behavior in order to derive predictions that can be useful for strategic analysis and antitrust. The economic theories that form the foundation for empirical estimation often assume that agents are rational and act with foresight. In many models, fully rational agents not only calculate the immediate impact of their economic deci...

The theory of two price markets of Cherny and Madan (2010) yields closed forms for bid and ask prices. De…ning pro…ts as the di¤erence between the mid quote and the risk neutral expectation and capital as difference between the ask and the bid price one obtains precise expressions for these entities and thereby also returns. New expressions are developed for the bid and ask prices in terms of t...

Regulatory constraints on bank leverage have been at the center of many policy discussions recently. One important question to emerge from these discussions has been whether these regulations should be time-dependent and how they would interact with the business cycle. We analyze this question using a dynamic stochastic general equilibrium model with banks and bank capital. In the model, bank c...

Physics and Society is a quarterly newsletter of the Forum on Physics and Society, a division of the American Physical Society. It is distributed free to members of the Forum and to physics libraries upon request Physics and Society presents articles and letters on the relations of physics and the physics community to government and society, on the social responsibilities of scientists, and on ...

In this communication we have proposed a simple model for the dynamics of the target leverage ratio of a rm and performed a theoretical investigation of its time path. The gap between a rm’s current target leverage ratio and the long-term target ratio is found to diminish exponentially, and the decay rate is determined by the volatility of the leverage ratio and the long-term target ratio only....